Announcement: SOA congratulates the new ASAs and CERAs for May 2024.

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  • Embedded Value/Fair Value - Different Approaches, Same Goal
    excess of assets over liabilities as of the valuation date. I’ll get into these elements a little bit ... typically publish the embedded value as of the valuation date and the value of one year’s new business ...

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    • Authors: Burton Jay, Kenneth LaSorella, Hubert B Mueller
    • Date: May 2002
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context
    • Publication Name: Record of the Society of Actuaries
    • Topics: Financial Reporting & Accounting>Fair value accounting; Global Perspectives
  • Credit Spreads, Asset Return Assumptions and the Fair Value of Liabilities
    actuarial profession came under criticism for its valuation methods. The critics blamed the actuaries for ... high-risk assets for the expected profit margin. Table 1 shows how the spreads evolved over time, based ...

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    • Authors: Sam Gutterman, Burton Jay, Larry Rubin, Hubert B Mueller
    • Date: Jun 2004
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context
    • Publication Name: Record of the Society of Actuaries
    • Topics: Finance & Investments; Financial Reporting & Accounting>Fair value accounting; Global Perspectives